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The Siam Cement Group of Bangkok borrowed EUR 1 2 . 5 million for one year on February 1 4 , 2 0 2 0
The Siam Cement Group of Bangkok borrowed EUR million for one year on February shortterm financing provided by a European customer. The interest rate was a low The problem, however, was that the exchange rate between the Thai baht THB and the euro EUR changed from THBEUR on February to THBEUR on February when the loan repayment was due. In the end, what was the interest rate paid by Siam Cement in its own currency, Thai baht?
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